How Credit Card Works? Should You Own a Credit Card?

Credit cards are often misused, leading to polarized opinions on their usage. Some advocate for complete avoidance, while others recommend careful use despite the risks. In this video, we will cover how credit cards work and what a credit score is. How credit card usage can impact your credit score | Mistakes to avoid.

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[AbdulRehman-ewfu]

One more point about Minimum Amount Due:
Lets say my credit card bill is 50000rs, and my minimum amount due is 3000rs.. if I keep paying only the minimum amount due, the interest would still be calculated on that 50000rs and not the balance amount.... so by the end of 10th month, my credit card due is only 20000rs.. but interest would still be calculated for 50K...

[moorthysivabalan.b]

I got a job 3 months back and I thought of maybe buying a credit card and now I know the do's and don'ts of this ❤

[Sathia]

Hi Bro...wish i met you decade ago... thank you for your excellent videos...its easy to understand and improve my financial literacy..

[ponmani]

Excellent bro. I like the video. The way of explaining super.

[ajayprasad]

Anna, Ajay here❤. To be honest I was thinking about to request to make video about credit card. Thanks.

[s.dharshinisathishkumar]

Nice bro very very useful information thanks 👍👍👍👍👍

[triangle]

yes, minimum payable amt is very tempting but dangerous.
good cibil score is also dangerous friends prompt you to buy consumer goods for them because their cibil score is low. then you get into debt when friends don't repay.

[karthickp]

Most imp one Credit Card ah atm la use panidavey panidathinga😂

[rockyplayz]

Anna Im just applied HDFC life time free credit card, only purpose is Net reimbursement is done only in credit card by my company side that's why I applied. How to maintain that have I know no idea so please give me some tips to avoid in risk. Thanks in Advance anna ❤

[AjithkumarAjithkumar-hghu]

Icici perudential bluechip ah pathi sollunga bro ipotha 2000 monthly st panniruka 15 year wait pannalanu iruka intna fund okva bro

[mervinsusairaj]

Can u please explain future and options then how to invest and how to make the profits plz tell me sir .

[HARIHARAN___]

That minimum payment due remaining amount which we shall pay along with the interest have the same interest rate or less bro

[joshua]

Can you make a video on impact of election result in the market?

[PradeepRaghavan]

Hi bro I have a question. Could you please clarify if investing a portion of my monthly salary, around 5000 to 8000 Rs, in the Quant ELSS Tax Saver Fund Direct Growth Mutual Fund is a good choice? Are there any better alternatives? I have idea to started my SIP in this fund. please share you opinion

[fino]

Hey boosan upload a video regarding the repayment of international education loan for abroad studies

[gowthamis]

Can you pls explain how non payment of credit card bills accumulate into a large sum? Also if there is a situation where we are unable to pay a large sum in the credit card bill, how does converting the bill to EMI works? Is it better to take a loan and pay the credit card bill in that case. How does partial payment of bills affect the user?

[karthigan]

For NRE getting credit card is difficult.. are there any way to apply??

[NaliniRajendran-lyli]

Bro.. Sectoral rotation epdi analysis panndrathunu solli kudunga

[Dilipkumar-hgcr]

Bro Created card Apply Panni Vankiten But Use pannala Customer kitta pesna Your Card Block Agiduchu soldranga Net Banking la Check panna Card Active la irkku yenna bro pannalaam....

[mkbmohan]

Kindly post a video on s&p 500 index fund vs nasdaq 100 index fund.